Coal of Africa Limited Director Share Purchase (8385H)

TIDMCZA

RNS Number : 8385H

Coal of Africa Limited

19 March 2015

ANNOUNCEMENT 19 March 2015

Director Share Purchase

Coal of Africa Limited (the "Company") advises that it was informed on 18 March 2015, that David Brown, Executive Director and Chief Executive Officer of the Company acquired 500,000 shares at an average price of R0.27 (1.46 pence) on 18 March 2015. Following this acquisition Mr Brown is now the beneficial owner of 825,000 shares representing 0.05% of the Company's issued share capital.

For more information contact:

 
                   Chief Executive                         +27 10 
 David Brown        Officer              Coal of Africa     003 8000 
                   Chief Financial                         +27 10 
 Michael Meeser     Officer              Coal of Africa     003 8000 
                                                           +27 10 
 Celeste Harris    Investor Relations    Coal of Africa     003 8038 
                                         Endeavour 
                                          Corporate        +61 8 9316 
 Tony Bevan        Company Secretary      Services          9100

Company advisors:

 
 Jos Simson/Emily         Financial PR                          +44 20 
  Fenton                   (United Kingdom)    Tavistock         7920 3150 
 Chris Sim/Jeremy                              Investec Bank    +44 20 
  Ellis                   Nominated Adviser     plc              7597 5970 
 Charmane Russell/Jane    Financial PR         Russell &        +27 11 
  Kamau                    (South Africa)       Associates       880 3924 
                                                                 or 
                                                                 +27 82 
                                                                 372 5816

Investec Bank Limited is the nominated JSE Sponsor

About CoAL:

CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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